Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/20876

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DC Field

Value

Language

dc.contributor.author

Buscher, Herbert S.

en_US

dc.contributor.author

Mueller, Claudia

en_US

dc.date.accessioned

2009-01-28T16:17:30Z

-

dc.date.available

2009-01-28T16:17:30Z

-

dc.date.issued

1999

en_US

dc.identifier.uri

http://hdl.handle.net/10419/20876

-

dc.description.abstract

In this paper, a survey on theoretically expected and empirically proved impacts of exchangerate volatility is given. With regard to the West German unemployment, the effects ofvolatility are empirically analysed using three different volatility measures and four countrygroups. In autoregressive models, a significant disturbing impact of volatility can be foundwith annual data as well as with monthly data for the whole period. While this impact doesnot differ for the three volatility measures, it is, however, less strong when using the monthlydata. Differentiating for different subperiods by use of the monthly data, the reported impactis stronger for relatively stable periods and country groups. When isolating the cyclicalcomponent of the unemployment rate, it can be demonstrated that the whole reportedimpact solely affects this component. In a dynamic Okun-type relation, an additionalsignificant impact of volatility, however, cannot be proved for all subperiods.

en_US

dc.language.iso

eng

en_US

dc.publisher

|aInstitute for the Study of Labor (IZA) |cBonn

en_US

dc.relation.ispartofseries

|aIZA Discussion paper series |x37

en_US

dc.subject.jel

F31

en_US

dc.subject.jel

E32

en_US

dc.subject.jel

F16

en_US

dc.subject.ddc

330

en_US

dc.subject.keyword

European Monetary Union

en_US

dc.subject.keyword

exchange rate volatility

en_US

dc.subject.keyword

Okun?s law

en_US

dc.subject.keyword

West German labour market

en_US

dc.subject.stw

Wechselkurs

en_US

dc.subject.stw

Volatilität

en_US

dc.subject.stw

Beschäftigungseffekt

en_US

dc.subject.stw

Arbeitslosigkeit

en_US

dc.subject.stw

Okuns? Law

en_US

dc.subject.stw

Konjunktur

en_US

dc.subject.stw

Europäische Wirtschafts- und Währungsunion

en_US

dc.subject.stw

Schätzung

en_US

dc.subject.stw

Deutschland

en_US

dc.title

Exchange Rate Volatility Effects on the German Labour Market: A Survey of Recent Results and Extensions